Bajaj Finserv Insta Personal Loan presents a unique opportunity for individuals who may not have traditional income proof. With eligibility based on credit score and past banking relationships, this loan can be a good fit for self-employed or non-salaried individuals. The interest rate ranges from 10% to 31% p.a., and the loan tenure is flexible, up to 96 months. Notably, you can borrow up to Rs. 55 lakh with instant disbursal within 24 hours for select pre-approved customers.

How to Apply: Step by Step

• Check eligibility online using Aadhaar and PAN information
• Choose your desired loan amount and tenure
• Complete the digital application form
• Upload or e-verify necessary documents
• Get instant approval and wait for quick disbursal

Pros of Bajaj Finserv Insta Personal Loan

This loan is one of the few offers where select applicants do not need to submit any income documents, making it very accessible. Instant approval speeds up access to funds in emergencies, which is highly advantageous.

The wide eligibility and loan application process catered to both salaried and self-employed individuals make it flexible.

Cons of Bajaj Finserv Insta Personal Loan

Interest rates for applicants without income proof can be on the higher side, potentially reaching up to 31% p.a. if your credit profile isn’t strong.

Loan amounts may be restricted or require a guarantor for some applicants, and strict eligibility checks apply for non-salaried or those with lower credit scores.

Our Verdict

Bajaj Finserv Insta Personal Loan is a compelling choice if you need instant financing without traditional income documentation. While the higher interest rates for some profiles can be a drawback, the speed and flexibility of approval, along with the large maximum loan amount, make it a valuable option for many borrowers who may not fit standard criteria.